Lusine is a hairdresser. She works at one of the local beauty salons as a part-time worker. After her work, she also provides hairdressing services from her house. Due to hard and tireless work, Lusine perfectly manages to gather income and help her husband to sustain their family.
The requested loan will greatly help Lusine to pay for renovation of the workroom and hairdressing accessories needed to provide hairdressing services.
She has been approved for a loan within the framework of a new joint initiative between Kiva and SEF International. The start-up loan program provides business start-up loans with soft conditions to informal businesses that do not have access to credit products.
More information about this loan
This loan is part of SEF's startup pilot project to benefit borrowers working in Armenia's non-formal business sector. By providing working capital to artists, auto mechanics, bakers, furniture makers, construction workers and other informal entrepreneurs, SEF aims to help them formalize their businesses, increase their incomes, and build brighter futures.
About SEF InternationalSEF’s mission is to extend business development and financial services to emerging entrepreneurs in search of productive opportunities to support their families and communities and to build bright futures for children in Armenia.
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This loan has been fully funded!